Several stocks are well-positioned to benefit from any power supply bottlenecks resulting from rapid growth in data centers, according to 11 analysts at TD Cowen who compiled a 169-page report.
As a result, they're building data centers where power is available, investing in transmission lines and exploring the use of nuclear energy .
Brookfield Renewable Partners , an international renewable power producer and developer, is another beneficiary of the data center boom.
"The recently signed framework agreement... is a clear example of BEP's exposure to corporate [power purchase agreement] momentum associated with data center demand.
That will contribute to the energy supply needed to power data centers.
Persons:
Cowen, Michael Elias, Elias, FactSet, TD Cowen, Sean Steuart, it's, Cowen's David Deckelbaum, Coterra
Organizations:
Amazon, Oracle, Digital Realty Trust, Digital Realty, Digital, Brookfield Renewable Partners, Microsoft, Brookfield, NuScale Power Corp, Reactor, Regulatory, Energy, Coterra Energy
Locations:
Northern Virginia, Silicon, Tuesday's, U.S, Europe, Brookfield, Appalachia